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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+1.02%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.62B
AUM Growth
+$1.18B
Cap. Flow
+$1.18B
Cap. Flow %
45.1%
Top 10 Hldgs %
33.55%
Holding
1,716
New
55
Increased
626
Reduced
537
Closed
38

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$344M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$117M
3
STIP icon
iShares 0-5 Year TIPS Bond ETF
STIP
+$59.9M
4
MBB icon
iShares MBS ETF
MBB
+$50.2M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Top Sells

Rank Stock Value
1
NGL icon
NGL Energy Partners
NGL
+$9.04M
2
CEQP
Crestwood Equity Partners LP
CEQP
+$7.87M
3
TCP
TC Pipelines LP
TCP
+$7.48M
4
CQP icon
Cheniere Energy
CQP
+$7.31M
5
NS
NuStar Energy L.P.
NS
+$7.27M

Sector Composition

Rank Sector Weight
1 Financials 8.75%
2 Technology 7.96%
3 Industrials 7.51%
4 Consumer Discretionary 5.82%
5 Healthcare 5.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTSH icon
151
Cognizant
CTSH
$26.3B
$1.53M 0.06%
25,360
– –
CCS icon
152
Century Communities
CCS
$2.03B
$1.52M 0.06%
49,730
-5,400
-10% -$150K
JBSS icon
153
John B. Sanfilippo & Son
JBSS
$1.01B
$1.52M 0.06%
15,730
-1,690
-10% -$147K
CBRE icon
154
CBRE Group
CBRE
$43B
$1.52M 0.06%
28,650
+100
+0.4% +$5.26K
WTW icon
155
Willis Towers Watson
WTW
$31.7B
$1.52M 0.06%
7,860
+30
+0.4% +$5.86K
CSL icon
156
Carlisle Companies
CSL
$15B
$1.51M 0.06%
10,380
-210
-2% -$29.5K
SBUX icon
157
Starbucks
SBUX
$125B
$1.5M 0.06%
17,000
-230
-1% -$21.3K
NUE icon
158
Nucor
NUE
$61.7B
$1.49M 0.06%
29,340
– –
LPT
159
DELISTED
Liberty Property Trust
LPT
$1.49M 0.06%
28,950
+1,600
+6% +$82.5K
RGLD icon
160
Royal Gold
RGLD
$19.4B
$1.48M 0.06%
12,030
-80
-0.7% -$9.74K
SPTN
161
DELISTED
SpartanNash
SPTN
$1.48M 0.06%
125,080
-34,950
-22% -$393K
AFG icon
162
American Financial Group
AFG
$12.1B
$1.48M 0.06%
13,700
+660
+5% +$68.3K
LIN icon
163
Linde
LIN
$223B
$1.48M 0.06%
7,630
– –
POOL icon
164
Pool Corp
POOL
$7.2B
$1.48M 0.06%
7,320
+40
+0.5% +$7.71K
DE icon
165
Deere & Co
DE
$166B
$1.47M 0.06%
8,680
+40
+0.5% +$6.4K
PRU icon
166
Prudential Financial
PRU
$42.9B
$1.46M 0.06%
16,190
– –
HUM icon
167
Humana
HUM
$46.5B
$1.44M 0.05%
5,620
+20
+0.4% +$5.61K
TTC icon
168
Toro Company
TTC
$9.26B
$1.43M 0.05%
19,560
-60
-0.3% -$4.29K
PSX icon
169
Phillips 66
PSX
$89.8B
$1.43M 0.05%
13,920
+50
+0.4% +$5.01K
DOC icon
170
Healthpeak Properties
DOC
$14.4B
$1.42M 0.05%
39,860
+140
+0.4% +$4.73K
CE icon
171
Celanese
CE
$4.77B
$1.42M 0.05%
11,580
– –
GGG icon
172
Graco
GGG
$13.2B
$1.41M 0.05%
30,600
+40
+0.1% +$1.89K
A icon
173
Agilent Technologies
A
$41.8B
$1.41M 0.05%
18,360
– –
PENG
174
Penguin Solutions Inc
PENG
$3.11B
$1.4M 0.05%
109,520
-7,960
-7% -$115K
ATR icon
175
AptarGroup
ATR
$8.44B
$1.39M 0.05%
11,750
+110
+0.9% +$13.3K
5 6
7
8 9

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q3 2019 Portfolio in Review

As of Q3 2019, Municipal Employees' Retirement System of Michigan held 1,716 positions worth $2.62B, up 83% from $1.43B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $1.18B of net new capital in Q3 2019, opening 55 new positions and adding to 626 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 1,158,671 shares worth $346M.

By sector, the portfolio is most concentrated in Financials at 8.8% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was MarketAxess Holdings, an estimated $2.31M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2019 buy was iShares Core S&P 500 ETF: 1,158,671 shares worth $346M.
  • Municipal Employees' Retirement System of Michigan added most to Foot Locker in Q3 2019, an estimated $748K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2019 reduction was MarketAxess Holdings, cutting an estimated $2.31M.
  • Municipal Employees' Retirement System of Michigan fully exited NGL Energy Partners in Q3 2019, selling an estimated $9.04M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 34% of its $2.62B portfolio in Q3 2019.
  • Municipal Employees' Retirement System of Michigan opened 55 new positions and closed 38 in Q3 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 83% quarter-over-quarter to $2.62B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2019, filed 29 Oct 2019.